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Real Estate Investors Help Page

Please use this as a source for buying and selling.

Back in the 80's we became real estate investors.
There were few tools and we did it with very little help. Our first purchase was a 61 unit apartment complex for $1,210,000.00. At the time we had worse than no credit, no job, and no money.
At closing my partner and I came out with $75,000.00 cash and a hefty mortgage note. We managed this property for 9 months and then unloaded it for a profit of $35,000.00. I guess that counting our salary derived from the property, perks and the $75k = $35k tha we grossed around 10% profit. All this was done totaly in ignorance and without the tools that we have now found many years later.
Robert Colee

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